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Oct 4, 2013
10/13
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MSNBC
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i mean, you could cut the deficit from anywhere. specifically you and your colleagues went after obama care. why? >> first of all, let's go back to the deficit a second. when george bush left and obama took over, there was $9 billion in deficit. most of bush's deficit was spent when the country was attacked on september 11th and rebuilding our military and also the decline in revenue. so that was $9 billion. we're at $17 billion. we're going to $18 billion. it will double in five years. >> congressman, i could tell you the surplus that bill clinton -- >> do you want me to answer the second part? >> i will, but since you wanted to deviate. bill clinton left us with a surplus, so you don't want to go there. >> let's go back to left us with a surplus. when he came in, the last shutdown was with republicans. but he negotiated with republicans. and yes, you had a republican -- >> he was negotiating over a budget congressman. he negotiated over a congressman. it was not a law. you're taking a law, not a budget. >> we balanced the budget w
i mean, you could cut the deficit from anywhere. specifically you and your colleagues went after obama care. why? >> first of all, let's go back to the deficit a second. when george bush left and obama took over, there was $9 billion in deficit. most of bush's deficit was spent when the country was attacked on september 11th and rebuilding our military and also the decline in revenue. so that was $9 billion. we're at $17 billion. we're going to $18 billion. it will double in five years....
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Oct 7, 2013
10/13
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FOXNEWSW
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. >> what about the deficit? >> $225 billion are the federal receipts. we take in $225 billion per month. >> how much do we spend? >> servicing that debt is $24 billion. >> how much above that? >> well above that. the therein lies the problem. >> here's what you do. you get your paycheck every week. >> i understand. >> the first thing you do is pay your mortgage, right? the second thing is pay your electricity bill. the third thing is pay your -- >> water, garbage -- >> car, cable. >> then start paying, in my case, a bar tab or restaurant tab. if you don't have enough money to pay for that, you say, look, i'm going to get paid next week too, just hang in there. we'll be good. >> okay, since we know where the deficit is, then what you ought to say is, let's not pay social security recipients -- >> those are mandatory -- >> okay, then you've got mandatory payments so you've got to do that. there's not enough money to be taken out of discretionary spending for what you're talking about. >> there is. >> how? there's air traffic controllers, border -- excuse
. >> what about the deficit? >> $225 billion are the federal receipts. we take in $225 billion per month. >> how much do we spend? >> servicing that debt is $24 billion. >> how much above that? >> well above that. the therein lies the problem. >> here's what you do. you get your paycheck every week. >> i understand. >> the first thing you do is pay your mortgage, right? the second thing is pay your electricity bill. the third thing is pay...
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Feb 16, 2013
02/13
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FOXNEWSW
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. >> nothing i'm proposing tonight should increase our deficit by a single dime. >> jane: instantly thought of this. >> through all the work it does, this machine should sell over $400. you are not going to pay $400 or 375, all you spend for 24 fabulous machine over $400 value. all you spend is four easy monthly payments of 39.95. >> neil: we fined a better deal. the president's deal won't cost you four installments, it won't add a dime. $98 billion preschool plan, not the $40 billion fix it infrastructure plan -- don't ask -- or the paltry $8 billion career fund for community colleges. three new programs it sounds like they cost $146 billion, not a dime added to our deficit and he is pitching more than that. one problem with the pitch. here is the thing. someone has to pay for it. guess who? to gerri willis. to charlie and to my good buddy, charms payne who did such a good job for filling in for me when i was out. charms, what do you make for this? >> with infomercial, i will take two machines and money back guarantee. >> neil: unfortunately your mic is working. >> outside of the aspect of
. >> nothing i'm proposing tonight should increase our deficit by a single dime. >> jane: instantly thought of this. >> through all the work it does, this machine should sell over $400. you are not going to pay $400 or 375, all you spend for 24 fabulous machine over $400 value. all you spend is four easy monthly payments of 39.95. >> neil: we fined a better deal. the president's deal won't cost you four installments, it won't add a dime. $98 billion preschool plan, not...
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Feb 17, 2013
02/13
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FBC
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i don't think the president cares for one second, not an iota of a second about deficits. i don't think he cares. he has an agenda, not an economic agenda. it's an agenda about social justice and rewriting the wrongs of yesteryear, not only redistribution of wealth. but redistribution. and somehow everybody in in country who are somehow victims were victims from honest hard working people and organizations that had nothing, zero to do with the circumstance in life. >> could i help with that. >> neil: adam, go ahead, go ahead. >> well, i obviously disagree with the way you said it, charles, but there's a lot of truth to what you say. and the president absolutely, social justice is part of his agenda, if you want to put it that way so this is a good conversation, you're right. the president stands for social justice. >> it's an or wellion theme here. we don't spend money, we don't tax enough. the obama presidency and it's aided and abetted by the media, makes up its own terms, it tries to describe spending in the sense weon't tax enough. it's a bizarre way of looking at the
i don't think the president cares for one second, not an iota of a second about deficits. i don't think he cares. he has an agenda, not an economic agenda. it's an agenda about social justice and rewriting the wrongs of yesteryear, not only redistribution of wealth. but redistribution. and somehow everybody in in country who are somehow victims were victims from honest hard working people and organizations that had nothing, zero to do with the circumstance in life. >> could i help with...
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Oct 15, 2013
10/13
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CSPAN
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we do not have enough money to pay everything he does we are running annual deficits of $800 billion a year. we do have enough money coming in to pay the things that have to be paid which is interest on the debt and social security, military pay. i would say retirement pensions. >> how long -- [inaudible] >> people like me can hold off a long time. because i think the big problem facing our country is out of control federal spending. sooner or later we're going to have to address it and i think now is as good a time as any. >> are you [inaudible] >> i would not say any deal but it needs to be a good deal. -- deal iss better than a bad deal. the mechanism to balance the budget in five to 10 years is not radical. to begin to reform in time for programs is not radical. some sort of a mechanism to take a look at obamacare, obamacare is what hundred 31 mandates. 131. the president has voluntarily suspended some of those mandates so i do not think it interest rates the entire obamacare if we go in and make it voluntary for six months or year, suspend the individual mandate for a year. ther
we do not have enough money to pay everything he does we are running annual deficits of $800 billion a year. we do have enough money coming in to pay the things that have to be paid which is interest on the debt and social security, military pay. i would say retirement pensions. >> how long -- [inaudible] >> people like me can hold off a long time. because i think the big problem facing our country is out of control federal spending. sooner or later we're going to have to address it...
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Nov 14, 2013
11/13
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CSPAN2
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of course, we were running deficits at 3% on average. the only time in that entire period we did not run deficits was 1998 to 2001 where the revenues as a percent of gdp averaged 19.5%. if you look at your chart under current policy, at the end of this ten-year window, he would still be at least a percentage point below what it was when we balanced the budget. i would point out between now and then, we will have a 33% increase in medicare beneficiaries and a 30% increase in social security beneficiaries. so huge increase in seniors that qualify or are eligible for social security and medicare at a lower revenue percent of gdp then ten years from now in the years we actually balanced a budget. i want to emphasize that point. it seems to me it's hard to say you care about reducing or long term deficit but have a position that you wont close a single tax break or loophole or eliminate a -- any tax expenditures for the purpose of reducing the deficit. the senator pointed out and you're pointing out the recovery helped cushion the economy dur
of course, we were running deficits at 3% on average. the only time in that entire period we did not run deficits was 1998 to 2001 where the revenues as a percent of gdp averaged 19.5%. if you look at your chart under current policy, at the end of this ten-year window, he would still be at least a percentage point below what it was when we balanced the budget. i would point out between now and then, we will have a 33% increase in medicare beneficiaries and a 30% increase in social security...
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Oct 8, 2013
10/13
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WETA
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is shrinking. >> the deficit is shrinking temporarily. the debt is as a share of gdp is down. but the absolute size of the debt as opposed to the deficit, the total amount that the government owes is not shrinking. it's growing. but the key thing-- . >> rose: what percentage of gdp is about now. >> about 73%. >> rose: what do you think about all of this. >> i think austan is right that the deficit is coming down, for three reasons. one is the economy is recovering. the second is there was a bunch of temporary things that were done, the stimulus bill, for example. that on purpose were designed to fade as the economy started to recover. and then finally and most importantly, health-care costs have decelerated dramatically. the congressional budget office has taken medicare and medicaid costs for the next decade and marked them down by $1.2 trillion because health-care costs are growing so slowly and they expect that to continue. that is by far the most important thing that we could invest in in order to maintain a sustainable or to get back
is shrinking. >> the deficit is shrinking temporarily. the debt is as a share of gdp is down. but the absolute size of the debt as opposed to the deficit, the total amount that the government owes is not shrinking. it's growing. but the key thing-- . >> rose: what percentage of gdp is about now. >> about 73%. >> rose: what do you think about all of this. >> i think austan is right that the deficit is coming down, for three reasons. one is the economy is recovering....
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Nov 6, 2013
11/13
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ALJAZAM
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so the $300 million deficit is a deficit that the state, under corbett and other governors, have created. so what we have here, the governor, i think, we saw that this in a poll that they secretly took, that they wanted to bring the deficit that they created on the teachers, who already get paid 20% less than the teachers in the suburbs. >> randy is chiming in: david says: we have a high school student, and listen, you're the one living through this every day, and talk to us about how these cuts affect you in your daily life as a student . >> they should be filling out college applications, and we have like 1,000 students in our school with one councilor. and she's a very good councilor, but there are so many students at one school, she can't get to everyone like she wants to, but she's trying her hardest. and the crowded hallways, it's impossible. because of the budget cuts, -- >> do you see a disproportionate students? >> oh, most definitely. if you look at the statistics in the city, the children who go to school in philadelphia are much more diverse than the children growing up in th
so the $300 million deficit is a deficit that the state, under corbett and other governors, have created. so what we have here, the governor, i think, we saw that this in a poll that they secretly took, that they wanted to bring the deficit that they created on the teachers, who already get paid 20% less than the teachers in the suburbs. >> randy is chiming in: david says: we have a high school student, and listen, you're the one living through this every day, and talk to us about how...
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Oct 2, 2013
10/13
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MSNBC
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. >> no this shutdown is not about deficits or budgets. it's about rolling back our efforts to provide health insurance to folks who don't have it. it's all about rolling back the affordable care act. this more than age else seems to be what the republican party stands for these days. i know it's strange that one party would make coping people uninsured the centerpies of their agenda. >> that apparently is what it is. >> yeah. so despite the seemblingly high -- >> well that, will bring them zbloegny point is, which is absolutely introduce, the bigger point you have been fortunately is the president and democrats stript the higher ground fair or not. you don't want to insure 7 million people. okay. then they just --. >> so the democrats do have the higher ground when have you the wroet journal john meacham say, hey, we told you this is a stupid strategy. it is such a co lasally stupid strategy, it's hard to physical out how the republicans get out of this colossally stupid strategy. most know it's colossally stupid strategy him we are liste
. >> no this shutdown is not about deficits or budgets. it's about rolling back our efforts to provide health insurance to folks who don't have it. it's all about rolling back the affordable care act. this more than age else seems to be what the republican party stands for these days. i know it's strange that one party would make coping people uninsured the centerpies of their agenda. >> that apparently is what it is. >> yeah. so despite the seemblingly high -- >> well...
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Nov 2, 2013
11/13
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MSNBCW
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the absence of being able to pass this, just have a bigger deficit. i'm serious, i would prefer a bigger deficit in the amount of $4 billion than literally taking food out of the mouths of hungry people which we are doing today in the most shameful way imaginable. >> absolutely. >> and if it doesn't agree with you, fine, but you're in new york city alone. we're going to lose at the end of this month, $17 million and the end of next month, $17 million and it's going to continue. >> to the local economy. >> it was a great pleasure having you both here. >> thank you for having us. >>> what happens when a sort of joke way to raise money for a fake campaign becomes a totally real way to raise it for an actual campaign thanks to citizens united. we'll be right back. retirement plan. i started part-time, now i'm a manager. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmac
the absence of being able to pass this, just have a bigger deficit. i'm serious, i would prefer a bigger deficit in the amount of $4 billion than literally taking food out of the mouths of hungry people which we are doing today in the most shameful way imaginable. >> absolutely. >> and if it doesn't agree with you, fine, but you're in new york city alone. we're going to lose at the end of this month, $17 million and the end of next month, $17 million and it's going to continue....
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Nov 2, 2013
11/13
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FOXNEWSW
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reduction or you're not for deficit reduction. if you're for it, then revenue has to be on the table. that's the simple statement. >> ben stain, rein, revenue has on the table? >> you might as well say that because tax is $2.7 ga jillion dollars. there's no meaning to a number without saying the other side on the balance sheet. we need to raise taxes. you have to raise taxes. >> we have two big blocs in this country. one wants a lot of entitlement. one wants lower taxes. they have to be meet in the middle. there has to be cuts in entitlements, and there has to be higher taxes where you live. >> you have said in the past if you're not going to cut spending, then the only other solution is to raise taxes. what i'm wondering is the more we talk freely about voluntary tax hikes before we address entitlement reform or the big spending issues, we're never going to get around to the big spending issues. and there's a limit to how much you can tax people, isn't there? >> well, there's not much of a limit. we had tax rates of 91% during wo
reduction or you're not for deficit reduction. if you're for it, then revenue has to be on the table. that's the simple statement. >> ben stain, rein, revenue has on the table? >> you might as well say that because tax is $2.7 ga jillion dollars. there's no meaning to a number without saying the other side on the balance sheet. we need to raise taxes. you have to raise taxes. >> we have two big blocs in this country. one wants a lot of entitlement. one wants lower taxes. they...
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Nov 9, 2013
11/13
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FOXNEWSW
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and deficit spending. >> so martha, you hear doug's equation. cuts coupled with some revenue increases. would you think that would make for a potential deal? >> look, doug's giving music to my ears, talking about closing loopholes and flattening out rates. if those go together, i think we've shown before, either through paul ryan's plarngs simpson bowls and other things that were on the table that they were willing to do that, but they don't want to raise rates and raise -- and get riz of loopholes and add capital gains tax on top of that. that's all revenue and no reductions. >> martha, tell me again of the loopholes that you were saying. i think you've said republicans should consider doing away with. tell it to me again, i want your reaction to that. >> i think that is a place for compromises on the loopholes. if the rates go down too. you can't close the loopholes and keep rates where they are -- >> rates on businesses are we talking about? i'm sorry. >> well, we're talking about both businesses as well as capital gains. i think doug, you kn
and deficit spending. >> so martha, you hear doug's equation. cuts coupled with some revenue increases. would you think that would make for a potential deal? >> look, doug's giving music to my ears, talking about closing loopholes and flattening out rates. if those go together, i think we've shown before, either through paul ryan's plarngs simpson bowls and other things that were on the table that they were willing to do that, but they don't want to raise rates and raise -- and get...
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Sep 13, 2013
09/13
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FBC
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the cbo had a respect showed on budget -- report thathowed this is a deficit increase from day one. you would get more social security revenue those programs overtime p out more in benefiting than they take in, in taxes, this will increases deficit. charles: and you know taking care of people? you know, hospitalization, schooling education? this is a heavy load on the american taxpayer? >> it is. we looked at a report all different taxes that illegal imigrants pay, they do pay some, with sales taxes and the like, we look at government benefits and services they receive, it is a deficit in trillions over their lifetime. charles: it will increase everyone's wages? how does that happen? >> this is a fantasy, we know that immigration there will be winners and losers, for example formerly unlawful immigrants will see an increase in their wages, we saw this in 1986, when amnesty was passed then, but not going to help everyone, the cbo projects wage decreases among some classes of workers. charles: i read that report, eliminate visa backlogs and waiting time, make them legal, and that conv
the cbo had a respect showed on budget -- report thathowed this is a deficit increase from day one. you would get more social security revenue those programs overtime p out more in benefiting than they take in, in taxes, this will increases deficit. charles: and you know taking care of people? you know, hospitalization, schooling education? this is a heavy load on the american taxpayer? >> it is. we looked at a report all different taxes that illegal imigrants pay, they do pay some, with...
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Feb 6, 2013
02/13
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MSNBCW
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we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama impor
we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Feb 23, 2013
02/13
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FOXNEWS
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eye 141
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we can handle a deficit like this. we'll be fine. g with that logic if the deficit doesn't matter why raise taxes? we don't need revenue, as they call it re-knew, our money, is deaf if its don't matter. we could keep spending. have it both ways. >> bob: it matters at $20 trillion. that's when state-of-the-arts tit starts tomatter. >> andrea: we are at 17. >> bob: it will come back down. this is as low as it was in theizeen hour years. >> dana: that is not the problem. republicans take unpopular position to say they would do something on entitlement reform. it's not a popular thing to say we are going to do means testing, wealthier seep yours pay more for social security or medicaid. it's not a popular position. right thing to do. putting things off for another four years to me is irresponsibly. >> bob: do you think he will allow four years to go by and allow the legacy to be total polarization? >> kimberly: he is not worried that is the case. you will get form of gun control. >> kimberly: different perspective. american crossroads ha
we can handle a deficit like this. we'll be fine. g with that logic if the deficit doesn't matter why raise taxes? we don't need revenue, as they call it re-knew, our money, is deaf if its don't matter. we could keep spending. have it both ways. >> bob: it matters at $20 trillion. that's when state-of-the-arts tit starts tomatter. >> andrea: we are at 17. >> bob: it will come back down. this is as low as it was in theizeen hour years. >> dana: that is not the problem....
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111
Jun 22, 2013
06/13
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KTVU
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. >> if you have a child or grandchild with any kind of behavior problem or attention deficit disorder, of if you're a single parent trying to cope with a child who is disrespectful or obnoxious towards you, we're gonna introduce you to the man who can show you how to transform your child's behavior and put some peace and sanity back into your home life. >> behavioral therapist james lehman is here to help you get back in control of your family right now with the total transformation program. >> we are at a place right now that i never imagined our family life would be at and that my son is this productive, happy, capable young man. so, i know that there are parents out there probably feeling exactly like i did about four years ago, and i'm just saying that it doesn't have to be like that. >> if i hadn't have met james, there's no doubt i would be nowhere near as solid as i am right now. i wouldn't have any goals. i was an angry person. i was confused and frustrated, and if i hadn't have met james, there's no doubt i would probably be kicked out of school, kicked out of my house. proba
. >> if you have a child or grandchild with any kind of behavior problem or attention deficit disorder, of if you're a single parent trying to cope with a child who is disrespectful or obnoxious towards you, we're gonna introduce you to the man who can show you how to transform your child's behavior and put some peace and sanity back into your home life. >> behavioral therapist james lehman is here to help you get back in control of your family right now with the total...
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82
Dec 10, 2013
12/13
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CNNW
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push you over the edge with this bill? >> we are a little disadvantaged, we haven't seen the full details. but as i understand it, spending will be up higher. but this isn't an unprecedented deal. this happened in december 2011 and it happened last december as well. every time there's some bipartisan agreement, there's more spending in washington. they did the same thing each december, and i think at the end of the day as was indicated by senator rubio, this doesn't get to the heart of the problem which is spending. moving it a few dollars is
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push...
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130
Feb 25, 2013
02/13
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CNBC
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eye 130
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if we start to see interest rates go up, you can see a radical increase in the cost of paying the deficit, paying the debt service for the federal government, which will blow a huge hole in our capacity to get our deficit under control. >> what's the danger to all these cuts? when you look at the potential of $1.2 trillion in cuts to defense spending through 2021, what's the impact? is there a danger in terms of feeling the worst of it? >> there's a huge danger if it were actually carried forward because it's extremely arbitrary. and the discretionary side of the ledger has already taken a $900 billion cut as a result of the budget control act of 2011. and the problem is not on the discretionary side of the ledger. the problem is on the entitlement side of the ledger. the danger is that the congress will just focus on discretionary spending and not focus on entitlement spending and the markets and everybody else will know that's a fake attempt to try to get our house in order, our fiscal house in order and there will be a financial reaction which will result from it. >> so good afternoon
if we start to see interest rates go up, you can see a radical increase in the cost of paying the deficit, paying the debt service for the federal government, which will blow a huge hole in our capacity to get our deficit under control. >> what's the danger to all these cuts? when you look at the potential of $1.2 trillion in cuts to defense spending through 2021, what's the impact? is there a danger in terms of feeling the worst of it? >> there's a huge danger if it were actually...
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100
May 30, 2013
05/13
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MSNBCW
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eye 100
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say you're the biggest deficit hawk on earth. say all you care about is the deficit. you shouldn't be happy either. it is coming down, it should make you happy, but it is not coming down as quick as it would come down if we passed the president's budget, the ryan budget, the democratic budget. it is coming down in the wrong way. you look at the reestimation, i imagine every time i say it, ratings spike up. you look at that, what they think happens in the next decade, see deficits fall rapidly next two to three years, then they begin to rise slowly the rest of the period. under all the other budgets and compromises that have been put forward in washington, instead of having a rapid move to austerity when the economy is weak and rising deficit when the economy should be getting stronger, which is exactly what you don't want, you would have slower move to austerity, more support for the economy the next couple years and lower deficit at the end of the next ten years which is what you want to see. even if you're a true deficit hawk, we could be doing a lot better than we
say you're the biggest deficit hawk on earth. say all you care about is the deficit. you shouldn't be happy either. it is coming down, it should make you happy, but it is not coming down as quick as it would come down if we passed the president's budget, the ryan budget, the democratic budget. it is coming down in the wrong way. you look at the reestimation, i imagine every time i say it, ratings spike up. you look at that, what they think happens in the next decade, see deficits fall rapidly...
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51
Feb 23, 2013
02/13
by
FBC
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eye 51
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that is, by the way, a tiny fraction of state budgets or even state deficits. so it would not solve the problem. i think we are going to turn out even to be overoptimistic, if you will, about the amount of tax revenues. gerri: why is that? why? >> well, several reasons. one is that small businesses are going to be exempted. and so at some level you are going to exempt small business, and the ones you don't exempt, lot of them, frankly, won't comply. the second reason, and the biggest one, they are ignoring the fact that most online sales are conducted by brick and mortar. so walmart, target, when you go online they're counting as an online sale. thirteen of the 15 largest online sellers are brick and mortar stores that are already paying taxes and all the states gerri: you know, the folks who would like to push this idea, there's a lot of sales moving, and that is not there today. there could be as much as 1,705,000,000,000. one year of sales migrating online. to you by that? >> i think we're going to continue to see the migration to online. we're also going to
that is, by the way, a tiny fraction of state budgets or even state deficits. so it would not solve the problem. i think we are going to turn out even to be overoptimistic, if you will, about the amount of tax revenues. gerri: why is that? why? >> well, several reasons. one is that small businesses are going to be exempted. and so at some level you are going to exempt small business, and the ones you don't exempt, lot of them, frankly, won't comply. the second reason, and the biggest one,...
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Sep 28, 2013
09/13
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KCSM
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eye 71
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deficit. >> the real consequence, the real cost is raising the debt limit. think of how many times we have raised the debt limit over the years and think of all the additional debt that has been piled onto the u.s. economy that u.s. citizens are responsible for repaying. that is what i am concerned about. it is the cost of the added debt and i would much rather see a non-increase in the debt ceiling even if it means we have some temporarily -- temporary losses associated with some partial; shutdown. that kind of pain is greater than the pain we will have to endure because we raised the debt ceiling repeatedly. >> it is estimated that i have to percent point increase that could stem from a default would cost about $75 billion a year. that means higher erring costs for homeowners, five -- car buyers, you name it. i get that we need this chicago boy shock treatment but there are millions who could be put into financial ruin. >> interest rates will go up eventually. the more debt we pile on now, the more we increase the debt ceiling today, the higher interest ra
deficit. >> the real consequence, the real cost is raising the debt limit. think of how many times we have raised the debt limit over the years and think of all the additional debt that has been piled onto the u.s. economy that u.s. citizens are responsible for repaying. that is what i am concerned about. it is the cost of the added debt and i would much rather see a non-increase in the debt ceiling even if it means we have some temporarily -- temporary losses associated with some...
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May 18, 2013
05/13
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we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off i
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what...
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Mar 12, 2013
03/13
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FOXNEWSW
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they are saying deficits don't matter. why do we have taxes? >> bob: i want to know what drug you are taking to get yourself oh soe depressed. first of all the president is right. budget deficit has been cut. there was jobs created last month. there is all kinds of information. unemployment rate fell. the economy is getting stronger. in the meantime, conservatives and republicans, all they can do is moan about it. >> $845 billion in new debt in brand-new debt we're going to do that. >> bob: how much do you think is entitlement. >> eric: here is the problem. krugman was saying everything is fine. we are cool. almost a trillion dollars again. >> kimberly: i don't think it's cause for celebration. sorry bob. this is just reality. we're not going to sit there and heads in our cloud to listen to this nonsense. those are liberal, democratic talking points coming forward to say that everything is okay. it's not okay. just a little bit might have happened. it doesn't mean the rest of it doesn't need to be dealt with. that is the problem. when you look
they are saying deficits don't matter. why do we have taxes? >> bob: i want to know what drug you are taking to get yourself oh soe depressed. first of all the president is right. budget deficit has been cut. there was jobs created last month. there is all kinds of information. unemployment rate fell. the economy is getting stronger. in the meantime, conservatives and republicans, all they can do is moan about it. >> $845 billion in new debt in brand-new debt we're going to do that....
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Feb 6, 2013
02/13
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
SFGTV2: San Francisco Government Television
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May 31, 2013
05/13
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SFGTV2
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elderly as we try to serve the 300,000 for the year without finding ourselves staring at 100,000 dollar deficit and so i urge you to take a look at senior services like information referal, the (inaudible) program and the immigration program, the nutrition program, they all need some infusion of extra dollars from you. thank you very much. >> good morning mayor and supervisor and department heads, thank you so much for this opportunity to come before you and speak about the needs of our community. i also want to echo and i am really happy that we have translation available for our residents to be able to part of this process. and my name is kim garcia and my husband and i and our three school age children have been proud and happy residents for district 7 and i have been in education for the past 20 years, the past six i have run and been the director of an inhome spanish language preschool and also in district seven i want to talk about the important need to be on the forward movement of providing quality, early childhood education from birth to age five and in san francisco, we have done some
elderly as we try to serve the 300,000 for the year without finding ourselves staring at 100,000 dollar deficit and so i urge you to take a look at senior services like information referal, the (inaudible) program and the immigration program, the nutrition program, they all need some infusion of extra dollars from you. thank you very much. >> good morning mayor and supervisor and department heads, thank you so much for this opportunity to come before you and speak about the needs of our...
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May 31, 2013
05/13
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CSPAN2
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so why would they pass free trade with china the trade deficit with china, china buying up everything. they get all the money because the stupid trade deals. i don't understand it. why would we do that? if you want to buy something, you have to make it there. they care more about their people in this country does. what's wrong with this country? >> guest: he raised one of the points i talk about a lot which is the unbalanced trade policy in this country i went to this philosophy which is we want to do free trade and we don't look at the results and we don't forget the details and as one of the challenges if we have a trade agreement and a trade policy that was based on reciprocity and on achieving a balanced and trade so the exports equal the imports we would have a lot more jobs here and interesting thing about. the bill was signed by bill clinton and passed by the republican congress in 2000. and of one of the anecdotes that president obama has shared is that he really heckled the clintons that were in his administration like rahm emanuel, and others, larry summers, about china, the
so why would they pass free trade with china the trade deficit with china, china buying up everything. they get all the money because the stupid trade deals. i don't understand it. why would we do that? if you want to buy something, you have to make it there. they care more about their people in this country does. what's wrong with this country? >> guest: he raised one of the points i talk about a lot which is the unbalanced trade policy in this country i went to this philosophy which is...
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Sep 30, 2013
09/13
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FOXNEWSW
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up and greater security and stability and deals with our long- term challenges in terms of debt and deficits. the only way to do that is for everybody to sit down in good faith without threatening to harm woman and veterans and children, with a government shutdown and certainly we can't have any kind of meaningful negotiations under the cloud of potential default, the first in u.s. history. there is not a world leader if you take a poll who would say it would be responsible for consistent with america's leadership in the world for us not to pay our bills. we are the foundation of the world economy. and the world financial system. our currency is the reserve currency of the world. we don't mess with that. and we certainly don't allow domestic policy differences on issues that are unrelated to the budget to endanger not only our economy but the world economy. so i suspect that i will be spoking to the leaders today, tomorrow and the next day. but there is a pretty straightforward solution to this. if you set aside the short- term politics, and you look at long- term here, it simply requires th
up and greater security and stability and deals with our long- term challenges in terms of debt and deficits. the only way to do that is for everybody to sit down in good faith without threatening to harm woman and veterans and children, with a government shutdown and certainly we can't have any kind of meaningful negotiations under the cloud of potential default, the first in u.s. history. there is not a world leader if you take a poll who would say it would be responsible for consistent with...
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Dec 26, 2013
12/13
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MSNBCW
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the deficit may exceed 8% of the gdp in the next decade. that will make argentina a model of responsibility. >> definitely. why don't we try to argue the substance instead of playing god. the stauns. >> i'm looking at your words. >> substance. congressional budget office -- >>> wow. joe, you know i actually didn't think it was a good idea at the time but it turned out okay when you challenged a nobel prize winning economist to debate on the u.s. economy. >> those were good times. i think it was probably a safer bet than say challenging a nobel prize winning physicist. >> you did okay. you got that bright idea after -- >> in my defense because a lot of you say it's not the smartest thing to challenge a nobel prize winning economist. when i went to the university of alabama, i made it through three weeks of economics 101. >> three weeks? >> then i dropped the course. >> that seems like a stretch. >> my danielle adams called the day of the interview and said does he know he's a nobel prize winner. >> we were driving over to do charlie's rose a
the deficit may exceed 8% of the gdp in the next decade. that will make argentina a model of responsibility. >> definitely. why don't we try to argue the substance instead of playing god. the stauns. >> i'm looking at your words. >> substance. congressional budget office -- >>> wow. joe, you know i actually didn't think it was a good idea at the time but it turned out okay when you challenged a nobel prize winning economist to debate on the u.s. economy. >>...